City of Ocean Shores Real Estate Newsletter ~ 3rd Quarter 2013‏

City of Ocean Shores Real Estate Newsletter ~ 3rd Quarter 2013 Greetings from the beach... Ocean Shores Residential Sales Like I predicted back in July, residential home sales spiked from 2nd to 3rd quarter this year! Sixty-nine home closings took place - up from 40 in the second quarter. That's a jump of almost 73% percent! This has been the most productive third quarter since 2008. Year to date (Jan 1 - Sept 30) comparisons show that residential sales are up over 22% this year and average sales prices are up over 12% so far. The market is definitely moving forward, but we are still nowhere near the high years of 2005 & 2006. Presently, our numbers are looking more like 2008. 10 of the 69 homes that sold this past quarter were foreclosures. Year to date, 17% of all home sales were foreclosures compared to nearly 31% last year for the same time period. As of 10/1/2013, only 13 homes or 5.4% of the residential inventory are listed as bank-owned or foreclosures. Check out property listings from your smart phone here!   3rd Quarter 2013 Home Sales The average home that sold last quarter in Ocean Shores was 1,368 square feet and took 227 days to sell. There are 239 Homes on the market (261 last quarter) ~ Average list price: $208,992 ~ Average of 263 Days on Market. One has now been on the market for 2,979 (the same houses as forever ago & this seller has just finally reduced his price from $499,000 to $475,000…). There are currently 43 Homes pending (as of 10/1/2013) compared to 52 at the end of last quarter… Quarterly Home Sales * 69 Homes Sold during 3rd Quarter 2013 ~ Average Sales Price $142,809 ~ Average of 227 Days on Market. Price Range: $36,500 - $300,000. * 40 Homes Sold during 2nd Quarter 2013 ~ Average Sales Price $151,000 ~ Average of 242 Days on Market. Price Range: $27,000 - $327,000. * 37 Homes Sold during 1st Quarter 2013 ~ Average Sales Price $147,759 ~ Average of 307 Days on Market. Price Range: $25,000 - $385,000. * 47 Homes Sold during 4th Quarter 2012 ~ Average Sales Price: $161,191 ~ Average of 179 Days on Market. Price Range: $17,500 - $580,000. * 43 Homes Sold during 3rd Quarter 2012 ~ Average Sales Price $143,638 ~ Average of 193 Days on Market. Price Range: $28,050 - $400,000.| FACEBOOK Want to know what's going on in the Ocean Shores Real Estate market more than once a quarter? Be a Fan & "Like" us at http://www.facebook.com/pages/Ocean-Shores-Real-Estate/42604953991. Thanks! By the way, the contents of this newsletter were posted on the facebook page before you got this... Ocean Shores Condo SalesCondo sales doubled last quarter...3rd Quarter 2013 Condo Sales Eight Condos (up from four last quarter) sold during the third quarter of 2013. Average time on the market was 352 days. There are 32 condos on the market right now for an average list price of $103,553. Average time on market is 370 days. There are 2 condos pending right now - down from 7 at the end of last quarter. Quarterly Condo Sales * 8 Condos Sold during 3rd Quarter 2013 ~ Average Sales Price: $132,488, ~ Average of 352 Days on Market. Price Range: $32,000 - $287,000. * 4 Condos Sold during 2nd Quarter 2013 ~ Average Sales Price: $123,238 ~ Average of 259 Days on Market. Price Range: $50,000 - $215,000. * 5 Condos Sold during 1st Quarter 2013 ~ Average Sales Price: $104,580 ~ Average of 357 Days on Market. Price Range: $27,900 - $185,000. * 9 Condos Sold during 4th Quarter 2012 ~ Average Sales Price: $120,471 ~ Average of 349 Days on Market. Price Range: $45,000 - $190,000. * 3 Condos Sold during 3rd Quarter 2012 ~ Average Sales Price: $146,667 ~ Average of 269 Days on Market. Price Range: $50,000 - $215,000. Ocean Shores Vacant Lot Sales Lot sales were flat from 2nd to 3rd quarter which isn't exactly bad news as 53 lots were sold compared to only 29 back in first quarter. Nearly 40% of them sold for $10,000 or less. Average prices are up a little bit, but that's because one sale spiked the averages. There are 56 (40 last quarter) lots still on the market for $10,000 or less including one for $3,900... 3rd Quarter 2013 Vacant Lot Sales/Stats There are 475 (up from 440 at the end of last quarter) lots on the market. Average list price is $46,664 and average time on the market is 292 days (one has been on the market now for 3,406 days and this seller has not reduced his price since June of 2008….).  There are 25 lots pending - up from 20 at the end of last quarter. Quarterly Vacant Lot Sales * 53 Lots Sold during 3rd Quarter 2013 ~ Average Sales Price: $22,517 ~ Average of 378 Days on Market. Price Range: $5,000 - $150,000. * 53 Lots Sold during 2nd Quarter 2013 ~ Average Sales Price: $18,597 ~ Average of 247 Days on Market. Price Range: $5,000 - $85,000. * 29 Lots Sold during 1st Quarter 2013 ~ Average Sales Price: $22,226 ~ Average of 312 Days on Market. Price Range: $5,500 - $63,500. * 34 Lots Sold during 4th Quarter 2012 ~ Average Sales Price: $19,394 ~ Average of 437 Days on Market. Price Range: $4,000 - $75,000. * 50 Lots Sold during 3rd Quarter 2012 ~ Average Sales Price: $22,087 ~ Average of 433 Days on Market. Price Range: $4,500 - $95,000. Click on the little dude with a shovel in his hands for something to do every day in Ocean Shores & Grays Harbor! Upcoming Things to Do in Ocean Shores 10th Annual Irish Music FestivalOctober 24-27The Festival begins the evening of Thursday, October 24, 2013 and lasts until Sunday, October 27, 2013.  Headlining this year's festival are the Young Dubliners while featuring Young Wolfe Tones, Molly’s Revenge and Tillers Folly.  In addition, an eclectic mix of twenty-five (25) Irish bands, choirs and dancers hailing from throughout the United States, Canada and, of course, Ireland rounding out this year’s entertainment. http://www.galwaybayirishpub.com/irishmusicfestival/ Winter Fanta-Sea Crafts FestivalNovember 29-December 1A well-attended arts & crafts bazaar at the Convention Center featuring unique handmade items created by artists & creative crafts persons. An ideal event to find the perfect gift for the holiday season. Life's @ the Beach! Jeff Daniel                  Managing Broker John L. Scott Ocean Shores Cell Phone: 360.581.9020 711 Point Brown Ave NW Ocean Shores, WA 98569 360.289.2454 (fax) This message (including attachment if any) is confidential and may be privileged. If you have received this message by mistake please notify the sender by return e-mail and delete this message from your system. Any unauthorized use or dissemination of this message in whole or in part is strictly prohibited.

City of Ocean Shores Real Estate Newsletter ~ 2nd Quarter 2013‏

Greetings from the beach...

Ocean Shores Residential Sales
Residential home sales jumped a little bit from 1st to 2nd quarter this year. Average prices are creeping up too. The best news is that the number of pending sales jumped from 30 at the end of 1st quarter to 52 at the end of the 2nd quarter. 3rd quarter this year is going to be huge! The market is definitely moving forward.  Only 8 of the 40 homes sold in 2nd quarter were bank-owned (compared to 11 out of 37 last quarter). Foreclosures are going away and regular sales/average prices are going up. 

 Check out property listings from your smart phone here!  

2nd Quarter 2013 Home Sales
The average home that sold last quarter in Ocean Shores was 1,518 square feet and took 242 days to sell. There are 261 Homes on the market (259 1st quarter) ~ Average list price: $202,975 ~ Average of 261 Days on Market. One has now been on the market for 2,888 (the same houses as forever ago & this seller has not reduced his price since September 2009…). There are currently 52 Homes pending compared to 30 last quarter…
Quarterly Home Sales
* 40 Homes Sold during 2nd Quarter 2013 ~ Average Sales Price $151,000 ~ Average of 242 Days on Market. Price Range: $27,000- $327,000.
* 37 Homes Sold during 1st Quarter 2013 ~ Average Sales Price $147,759 ~ Average of 307 Days on Market. Price Range: $25,000- $385,000.
* 47 Homes Sold during 4th Quarter 2012 ~ Average Sales Price: $161,191 ~ Average of 179 Days on Market. Price Range: $17,500 - $580,000.
* 43 Homes Sold during 3rd Quarter 2012 ~ Average Sales Price $143,638 ~ Average of 193 Days on Market. Price Range: $28,050- $400,000.

* 50 Homes Sold during 2nd Quarter 2012 ~ Average Sales Price $126,399 ~ Average of 232 Days on Market. Price Range: $16,000- $375,000.
* 28 Homes Sold during 1st Quarter 2012 ~ Average Sales Price $105,318 ~ Average of 207 Days on Market. Price Range: $12,000- $180,000.
FACEBOOK

Want to know what's going on in the Ocean Shores Real Estate market more than once a quarter? Be a Fan & "Like" us at http://www.facebook.com/pages/Ocean-Shores-Real-Estate/42604953991. Thanks! By the way, the contents of this newsletter were posted on the facebook page before you got this...

Ocean Shores Condo SalesCondo sales are improving a little bit...2nd Quarter 2013 Condo Sales
Only four Condos (down one from last quarter) sold during the 1st quarter of 2013. Average time on the market was 259 days. There are 40 condos on the market right now for an average list price of $106,916. Average time on market is 390 days. There are 7 condos pending right now - up from 4 pending at the end of 1st quarter.
Quarterly Condo Sales
* 4 Condos Sold during 2nd Quarter 2013 ~ Average Sales Price: $123,238 ~ Average of 259 Days on Market. Price Range: $50,000 - $215,000.
* 5 Condos Sold during 1st Quarter 2013 ~ Average Sales Price: $104,580 ~ Average of 357 Days on Market. Price Range: $27,900 - $185,000.
* 9 Condos Sold during 4th Quarter 2012 ~ Average Sales Price: $120,471 ~ Average of 349 Days on Market. Price Range: $45,000 - $190,000.
* 3 Condos Sold during 3rd Quarter 2012 ~ Average Sales Price: $146,667 ~ Average of 269 Days on Market. Price Range: $50,000 - $215,000.
* 2 Condos Sold during 2nd Quarter 2012 ~ Average Sales Price: $72,500 ~ Average of 1141 Days on Market. Price Range: $55,000 - $90,000.
* 2 Condos Sold during 1st Quarter 2012 ~ Average Sales Price: $27,750 ~ Average of 282 Days on Market. Price Range: $25,000 - $28,500.

Ocean Shores Vacant Lot Sales
Lot sales nearly doubled from 1st to 2nd quarter this year! 24 of them sold for $10,000 or less. The cheaper ones, however, are starting to sell quickly. There are 40 lots still on the market for $10,000 or less right now including one for $5,000...
2nd Quarter 2013 Vacant Lot Sales/Stats

There are 440 (up from 413 at the end of 1st quarter) lots on the market. Average list price is $46,340 and average time on the market is 307 days (one has been on the market now for 3,315 days and this seller has not reduced his price since June of 2008….).  There are 20 lots pending right now up from 17 at the end of 1st quarter.Quarterly Vacant Lot Sales* 53 Lots Sold during 2nd Quarter 2013 ~ Average Sales Price: $18,597 ~ Average of 247 Days on Market. Price Range: $5,000 - $85,000.* 29 Lots Sold during 1st Quarter 2013 ~ Average Sales Price: $22,226 ~ Average of 312 Days on Market. Price Range: $5,500 - $63,500.* 34 Lots Sold during 4th Quarter 2012 ~ Average Sales Price: $19,394 ~ Average of 437 Days on Market. Price Range: $4,000 - $75,000.* 50 Lots Sold during 3rd Quarter 2012 ~ Average Sales Price: $22,087 ~ Average of 433 Days on Market. Price Range: $4,500 - $95,000.
* 47 Lots Sold during 2nd Quarter 2012 ~ Average Sales Price: $21,174 ~ Average of 307 Days on Market. Price Range: $5,000 - $64,000.
* 36 Lots Sold during 1st Quarter 2012 ~ Average Sales Price: $20,535 ~ Average of 383 Days on Market. Price Range: $6,500 - $60,000.

Click on the little dude with a shovel in his hands for something to do every day in Ocean Shores & Grays Harbor!

Upcoming Things to Do in Ocean Shores

Big Weekend Triathlon & FootfestJuly 13-14
A weekend filled with running, biking & swimming racing events. http://trifreaks.com/ocean-shores-big-weekend-tri-foot-fest/

Sun & Surf RunJuly 25-28
The Sun & Surf Run will be bigger than ever this year! http://www.sunandsurfevent.com/

Body & Soul Festival
August 17-18
Learn all about a natural and homeopathic way of life at the convention center and it's free!

Ocean Shores Farmers Market
Saturdays from 10-5 thru 9/1
Great Produce, awesome baked goods and creative Crafter's. www.osfarmersmarket.com

Life's @ the Beach!

Jeff Daniel                  Managing Broker

John L. Scott Ocean Shores

Cell Phone: 360.581.9020
711 Point Brown Ave NW

Ocean Shores, WA 98569

360.289.2454 (fax)

City of Ocean Shores Real Estate Newsletter ~ 1st Quarter 2013‏

Greetings from the beach...

Ocean Shores Residential Sales
Residential home sales jumped over 32% in 1st quarter 2013 compared to 1st quarter 2012. Average prices also jumped over 40% for that same time period. The market is moving forward. 2013 is going to be a lot better than 2012. 11 of the 37 homes sold during this period were bank-owned. That's the bad news. Hopefully that number will fade away as foreclosures work on going away.

 Check out property listings from your smart phone here!  

1st Quarter 2013 Home Sales
The average home that sold last quarter in Ocean Shores was 1,647 square feet and took 307 days to sell. There are 259 Homes on the market ~ Average list price: $195,142… ~ Average of 276 Days on Market. One has now been on the market for 2,817 (again not my listing & this seller has not reduced his price since September 2009…). There are 30 Homes pending…
Quarterly Home Sales
* 37 Homes Sold during 1st Quarter 2013 ~ Average Sales Price $147,759 ~ Average of 307 Days on Market. Price Range: $25,000- $385,000.
* 47 Homes Sold during 4th Quarter 2012 ~ Average Sales Price: $161,191 ~ Average of 179 Days on Market. Price Range: $17,500 - $580,000.
* 43 Homes Sold during 3rd Quarter 2012 ~ Average Sales Price $143,638 ~ Average of 193 Days on Market. Price Range: $28,050- $400,000.

* 50 Homes Sold during 2nd Quarter 2012 ~ Average Sales Price $126,399 ~ Average of 232 Days on Market. Price Range: $16,000- $375,000.* 28 Homes Sold during 1st Quarter 2012 ~ Average Sales Price $105,318 ~ Average of 207 Days on Market. Price Range: $12,000- $180,000.
FACEBOOK

Want to know what's going on in the Ocean Shores Real Estate market more than once a quarter? Be a Fan & "Like" us at http://www.facebook.com/pages/Ocean-Shores-Real-Estate/42604953991. Thanks! By the way, the contents of this newsletter were posted on the facebook page before you got this...

Ocean Shores Condo SalesCondo sales are improving. Ocean View Estates has sold out!1st Quarter 2013 Condo Sales
Five Condos sold during the 1st quarter of 2013. The average prices slipped a bit from fourth quarter of 2012, but if you compare this quarter to first quarter of 2012, sales more than doubled and the prices nearly quadrupled from an average price of $27,750 up to $104,580. Average time on the market was 357 days. There are 34 condos on the market right now for an average list price of $113,360. Average time on market is 409 days. There are four condos pending right now.
Quarterly Condo Sales
* 5 Condos Sold during 1st Quarter 2013 ~ Average Sales Price: $104,580 ~ Average of 357 Days on Market. Price Range: $27,900 - $185,000.
* 9 Condos Sold during 4th Quarter 2012 ~ Average Sales Price: $120,471 ~ Average of 349 Days on Market. Price Range: $45,000 - $190,000.
* 3 Condos Sold during 3rd Quarter 2012 ~ Average Sales Price: $146,667 ~ Average of 269 Days on Market. Price Range: $50,000 - $215,000.* 2 Condos Sold during 2nd Quarter 2012 ~ Average Sales Price: $72,500 ~ Average of 1141 Days on Market. Price Range: $55,000 - $90,000.* 2 Condos Sold during 1st Quarter 2012 ~ Average Sales Price: $27,750 ~ Average of 282 Days on Market. Price Range: $25,000 - $28,500.

Ocean Shores Vacant Lot Sales
Lot sales are a bit slower than home sales right now. The cheaper ones, however, are starting to sell quickly. I'll be shocked if there are any vacant lots for sale for under $10,000 by the end of summer though.
1st Quarter 2013 Vacant Lot Sales/Stats

There are 413 lots on the market. Average list price is $45,209 and average time on the market is 323 days (one has been on the market now for 3,224 days and this seller has not reduced his price since June of 2008….).  There are 17 lots pending right now.Quarterly Vacant Lot Sales* 29 Lots Sold during 1st Quarter 2013 ~ Average Sales Price: $22,226 ~ Average of 312 Days on Market. Price Range: $5,500 - $63,500.* 34 Lots Sold during 4th Quarter 2012 ~ Average Sales Price: $19,394 ~ Average of 437 Days on Market. Price Range: $4,000 - $75,000.* 50 Lots Sold during 3rd Quarter 2012 ~ Average Sales Price: $22,087 ~ Average of 433 Days on Market. Price Range: $4,500 - $95,000.* 47 Lots Sold during 2nd Quarter 2012 ~ Average Sales Price: $21,174 ~ Average of 307 Days on Market. Price Range: $5,000 - $64,000.* 36 Lots Sold during 1st Quarter 2012 ~ Average Sales Price: $20,535 ~ Average of 383 Days on Market. Price Range: $6,500 - $60,000.

Click on the little dude with a shovel in his hands for something to do every day in Ocean Shores & Grays Harbor!

Upcoming Things to Do in Ocean Shores

Grays Harbor County ExpoMay 24-26
Fifth annual Expo sponsored by Featuring Oceans of Fine Arts - Arts & Crafts Show, Cruisin the Shores - RV Show, Chainsaw Carving, Hotrod & Classic Car Show and a Home Show! SOMETHING FOR EVERYONE! Free and Easy Parking - Memorial Day Weekend 2011 plan on joining us!

Wearable Art ShowJune 1
Artists create the most outrageous costumes imaginable for a wearable art style fashion show. Google "wearable art" and let your imagination run wild. This is a rapidly growing event.

Festival of Colors
June 1-2
This is a great family kite-flying event for novice to professional kite flyers! Come fly a kite or enjoy the antics of colorful kites.

Flag Day ParadeJune 8
A chance to show our patriotic spirit. The parade features more than 75 entries and a Grand Marshall. End the day with dancing and raffle drawings. One of the only Flag Day parades in Western Washington.

Sand & Sawdust FestivalJune 21-23
Five Star Dealerships Sand and Sawdust Festival welcomes you to the beach! Master, Intermediate, & Novice Sand-Sculpting teams compete for over $5,000.00 in cash prizes. At the Convention Center master woodcarvers from all over the world compete in this amazing annual competition. There are vendors, food sales & the live auctions are held daily on carvings! Families & children are invited to enter the sand-sculpting competition or learn sand-sculpting skills.

Life's @ the Beach!

Jeff Daniel                  Managing Broker

John L. Scott Ocean Shores

Cell Phone: 360.581.9020
711 Point Brown Ave NW

Ocean Shores, WA 98569

360.289.2454 (fax)

CityofOceanShores.com Newsletter ~ 2012 Year End

Greetings from the beach...

Another year has passed at the beach and the real estate market looks like it’s finally flattened out. Average prices were down a tad bit for the entire year, but on a quarterly basis, they kept going up… The really weird thing is that we sold the exact same number of condos and houses in 2012 as we did in 2011...

Ocean Shores Residential SalesThe Ocean Shores residential real estate market stayed pretty flat in 2012 compared to 2011 and all things considering, that’s not that bad of a thing. 169 homes sold in both 2011 and 2012. Prices dipped just a little bit from $143,192 in 2011 down to $138,995 in 2012. That’s a drop of around $4,000 and can be attributed to a few give-away sales by some small shacks in horrible condition that probably should’ve been torn down. We did see one of our largest sales ($580,000) in nearly three years though. Just over 26% (45) of the 169 homes sold last year were either short sales or foreclosures. This high number of short-sales, bank-owned houses as well as repos from Freddie Mac and Fannie Mae have done some serious damage to property values at the beach (the whole country for that matter)... The average price of one of these homes was only $92,317, compared to the overall average sales price of $138,995. Without the foreclosures and a few short sales, the average price of a home in Ocean Shores last year was $155,935. The good news for now though is that only 13 out of the 181 homes on the market today are foreclosures. Hopefully that number falls off a cliff… so to speak…  The other surprising news is that the home inventory (on the market) in Ocean Shores hasn’t been as low as it is now in a long time.

2012 Home SalesThe average home that sold last year in Ocean Shores was 1422 square feet and took 204 days to sell compared to 1283 square feet and 223 days in 2011. There are only 181 Homes on the market (there were 207 last year at this time) ~ Average list price: $188,161 (it was $199,075 last year at this time) ~ Average of 345 Days on Market. One has been on the market for 2,702 days now (that’s over 7 years!) in case you’re frustrated that your house hasn’t sold yet… There are 24 Homes pending (up 4 from last year)… ~ Average list price of those: $154,113 (it was only $119,728 last year).
* 169 Homes sold in 2012 for an average sales price of $138,995 (cheapest was $12,000 – most expensive was $580,000).
* 169 Homes sold in 2011 for an average sales price of $143,192 (cheapest was $32,905 – most expensive was $405,000).

* 179 Homes sold in 2010 for an average sales price of $170,724 (cheapest was $28,000 – most expensive was $520,000).
* 180 Homes sold in 2009 for an average sales price of $173,421 (cheapest was $31,500 – most expensive was $495,000).Check out property listings from your smart phone here!

2012 Quarterly Home Sales* 47 Homes Sold during 4th Quarter 2012 ~ Average Sales Price: $161,191 ~ Average of 179 Days on Market. Price Range: $17,500 - $580,000.
* 43 Homes Sold during 3rd Quarter 2012 ~ Average Sales Price $143,638 ~ Average of 193 Days on Market. Price Range: $28,050- $400,000.
* 50 Homes Sold during 2nd Quarter 2012 ~ Average Sales Price $126,399 ~ Average of 232 Days on Market. Price Range: $16,000- $375,000.
* 28 Homes Sold during 1st Quarter 2012 ~ Average Sales Price $105,318 ~ Average of 207 Days on Market. Price Range: $12,000- $180,000.

Want to know what's going on in the Ocean Shores Real Estate market more than once a quarter? Be a Fan & "Like" us at http://www.facebook.com/pages/Ocean-Shores-Real-Estate/42604953991. Thanks! By the way, the contents of this newsletter were posted on the facebook page before you got this...

Ocean Shores Condo Sales2012 was a decent year for condo sales in Ocean Shores and like residential sales, they were flat. 17 Condos sold last year just like 2011 and even just like 2010. The bad news is that some condo developers dropped their prices dramatically (good news for buyers though!) which ultimately dropped the average prices nearly 28%! Most of the condos that sold in Ocean Shores were condos at Ocean View Estates. The upcoming scare for the condo market in town has to be that it appears that the Villages will be putting their inventory back on the market sometime this year now that the project was sold off (for $1.6 million by the way) by the bank. If the Village’s does put all of their condos back on the market, look for the inventory increase to damper sales…

2012 Condo SalesThe average condo that sold last year in Ocean Shores was 920 square feet and took 401 days to sell compared to 920 square feet and 430 days in 2011. Four out of the 17 condos sold were foreclosures. There are only 39 condos on the market (same number last year at this time) for an average list price of $122,894 (compared to $121,393 last year). There are zero condos pending  currently compared to two last year.

* 17 Condos sold in 2012 for an average sales price of $107,191 (cheapest was $25,000 – most expensive was $215,000).
* 17 Condos sold in 2011 for an average sales price of $141,906 (cheapest was $5,000 (time share) – most expensive was $224,900).
* 17 Condos sold in 2010 for an average sales price of $111,965 (cheapest was $25,000 – most expensive was $259,000).
* 25 Condos sold in 2009 for an average sales price of $138,468 (cheapest was $41,000 – most expensive was $350,000).

2012 Quarterly Condo Sales
* 9 Condos Sold during 4th Quarter 2012 ~ Average Sales Price: $120,471 ~ Average of 349 Days on Market. Price Range: $45,000 - $190,000.
* 3 Condos Sold during 3rd Quarter 2012 ~ Average Sales Price: $146,667 ~ Average of 269 Days on Market. Price Range: $50,000 - $215,000.
* 2 Condos Sold during 2nd Quarter 2012 ~ Average Sales Price: $72,500 ~ Average of 1141 Days on Market. Price Range: $55,000 - $90,000.
* 2 Condos Sold during 1st Quarter 2012 ~ Average Sales Price: $27,750 ~ Average of 282 Days on Market. Price Range: $25,000 - $28,500.

  

Ocean Shores Vacant Lot SalesVacant land sales increased dramatically this year at the beach. In fact, there haven’t been this many lot sales in Ocean Shores since 2008 (189 sales). The constant challenge of getting buyers to assume the Street LID or getting sellers to pay it off is still a challenge in obtaining sales but it's not nearly as bad as it was last year. Like last year, a lot of sellers dropped their prices to unload these lots to really low prices which did motivate numerous buyers to take advantage of the cheap pricing. 62 of the 167 lots sold this year sold for $10,000 or less... There are only 45 lots listed for $10,000 or less currently… Lot prices will start going up this year…

2012 Vacant Lot SalesThere are currently 392 (416 last year) lots on the market for an average list price of $44,675 ($49,007 last year). There are 8 lots currently pending for an average list price of $22,450. It took 388 days to sell a vacant lot in 2012 compared to 320 days in 2011. One lot took 2,197 days to sell…

* 167 Lots sold in 2012 for an average sales price of $21,237 (cheapest was $4,000 – most expensive was $95,000).
* 136 Lots sold in 2011 for an average sales price of $27,987 (cheapest was $4,999 – most expensive was $175,000).
* 159 Lots sold in 2010 for an average sales price of $27,953 (cheapest was $5,000 – most expensive was $179,500).
* 134 Lots sold in 2009 for an average sales price of $34,968 (cheapest was $8,500 – most expensive was $155,000).

2012 Quarterly Vacant Lot Sales* 34 Lots Sold during 4th Quarter 2012 ~ Average Sales Price: $19,394 ~ Average of 437 Days on Market. Price Range: $4,000 - $75,000.
* 50 Lots Sold during 3rd Quarter 2012 ~ Average Sales Price: $22,087 ~ Average of 433 Days on Market. Price Range: $4,500 - $95,000.
* 47 Lots Sold during 2nd Quarter 2012 ~ Average Sales Price: $21,174 ~ Average of 307 Days on Market. Price Range: $5,000 - $64,000.
* 36 Lots Sold during 1st Quarter 2012 ~ Average Sales Price: $20,535 ~ Average of 383 Days on Market. Price Range: $6,500 - $60,000.

2012 Multifamily SalesFive Multifamily buildings sold in Ocean Shores compared to only one sale in 2011 and one sale back in 2010. Three 4-plexes, 1 duplex and the foreclosed on “Villages” sold at auction for $1,600,000. The buyers of the Villages project plan on first upgrading the existing building and then continuing to develop the rest of the site.

2012 Commercial Property SalesFive Commercial buildings sold in 2012 compared to three in 2011 and two in 2010. Average sales price was $136,360 versus $200,500 last year. 

  

Total Real Estate Sales for all of Grays Harbor2012 – 1004 Transactions with a total volume of $101,896,506.
2011 – 1038 Transactions with a total volume of $112,102,309.
2010 – 987 Transactions with a total volume of $115,558,046.
2009 - 936 Transactions with a total volume of $120,726,549.

Harbor Home Sales673 Homes sold in Grays Harbor County in 2012. Average price: $122,038.

695 Homes sold in Grays Harbor County in 2011. Average price: $134,342.

652 Homes sold in Grays Harbor County in 2010. Average price: $145,991.
626 Homes sold in Grays Harbor County in 2009. Average price: $152,428.Harbor Home Sales SummaryOcean Shores – 169 Homes sold for an average price of $138,995.
Aberdeen – 161 Homes sold for an average price of $84,702.
Hoquiam – 85 Homes sold for an average price of $82,307.
Elma – 63 Homes sold for an average price of $147,625.
Montesano – 63 Homes sold for an average price of $169,320.
Westport – 35 Homes sold for an average price of $140,753.
McCleary – 28 Homes sold for an average price of $125,859.
Cosmopolis – 16 Homes sold for an average price of $153,338.
Pacific Beach – 12 Homes sold for an average price of $209,998.
Grayland – 9 Homes sold for an average price of $75,489.
Moclips – 6 Homes sold for an average price of $170,446.
Oakville – 6 Homes sold for an average price of $110,500.
Copalis Beach – 3 Homes sold for an average price of $156,000.

Harbor Condo Sales31 Condos sold in Grays Harbor County in 2012. Average price: $129,226.
31 Condos sold in Grays Harbor County in 2011. Average price: $137,858.
41 Condos sold in Grays Harbor County in 2010. Average price: $124,232.
43 Condos sold in Grays Harbor County in 2009. Average price: $159,185.
Ocean Shores vs Westport Condo SalesWestport – 15 (13 in 2011) Condos sold in 2012: Average price: $154,200.
Ocean Shores – 17 (17 in 2011) Condos sold in 2012. Average price: $107,191.

Harbor Vacant Lot Sales258 Vacant Lots sold in Grays Harbor County in 2012. Average price: $37,583.
263 Vacant Lots sold in Grays Harbor County in 2011. Average price: $43,800.
240 Vacant Lots sold in Grays Harbor County in 2010. Average price: $43,099.
206 Vacant Lots sold in Grays Harbor County in 2009. Average price: $44,004.Harbor Vacant Lot Sales SummaryOcean Shores – 167 Lots sold
Aberdeen – 24 Lots sold
Westport – 11 Lots sold
Elma – 9 Lots sold
Hoquiam – 7 Lots sold
McCleary – 7 Lots sold
Pacific Beach – 7 Lots sold
Grayland – 6 Lots sold
Copalis Beach – 5 Lots sold
Montesano – 5 Lots sold 

Washington Coastal Community Comparisons

Residential sales on Washington’s coast were down or flat for the most part. Some areas were actually up though. Below is a comparison of the four major coastal areas.

Ocean Shores / Ocean City* 171 Homes sold in 2012 for an average sales price of $138,627. Total volume was $23,705,239.
* 171 Homes sold in 2011 for an average sales price of $143,482. Total volume was $24,535,361.
* 181 Homes sold in 2010 for an average sales price of $169,776. Total volume was $30,726,526.

Long Beach / Ocean Park* 156 Homes sold in 2012 for an average sales price of $120,043. Total volume was $18,726,719.
* 133 Homes sold in 2011 for an average sales price of $149,703. Total volume was $19,910,500.
* 150 Homes sold in 2010 for an average sales price of $161,531. Total volume was $24,229,648.

Westport / Grayland* 44 Homes sold in 2012 for an average sales price of $127,404. Total volume was $5,605,763.
* 62 Homes sold in 2011 for an average sales price of $126,160. Total volume was $7,821,944.
* 42 Homes sold in 2010 for an average sales price of $133,945. Total volume was $5,625,700.

Seabrook / Copalis Beach / Moclips / Pacific Beach* 21 Homes sold in 2012 for an average sales price of $190,983. Total volume was $4,010,653.
* 34 Homes sold in 2011 for an average sales price of $269,781. Total volume was $9,172,538.
* 23 Homes sold in 2010 for an average sales price of $273,591. Total volume was $6,292,590.

Thanks for another great year!I really need to thank all of my patient sellers & buyers along with all the great real estate agents that I worked with in 2012 to make it a great year for me in real estate! This year I finished at the top of the list with nearly 14% of all the sales in town. This has been my first full year at John L. Scott and I still can’t tell you what a great office, company and atmosphere we have. Additionally, the johnlscott.com website and the new John L. Scott app are great! John L. Scott is the top-producing brokerage in Ocean Shores with the most brokers, listings and sales. The office did over 34% of all the real estate business in town last year. Thank you!

Website Updates
Also, do me a favor and check out the updated www.cityofoceanshores.com website (I’ve made lots of changes/additions) and let me know if you have any comments. Thanks!

Upcoming Things to Do in Ocean Shores

Click the picture for something to do every day in Ocean Shores & Grays Harbor!

Life's @ the Beach!

Jeff Daniel                  Managing Broker

John L. Scott Ocean Shores

Cell Phone: 360.581.9020
711 Point Brown Ave NW

Ocean Shores, WA 98569

360.289.2454 (fax)

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